As per data released by the Ministry of Statistics and Programme Implementation, women constitute around 14% of total entrepreneurship in India. With the rigid boundaries that prevented women from embracing entrepreneurship earlier, slowly falling apart, today theyare accepting responsibilities and challenges of business with effortless ease.
However, with family commitments taking precedence for most, it is not feasible for many to venture into full-time entrepreneurship. These women can resort to a remote business. Compared to regular business, it offers more flexibility in terms of work done and assignments taken. Here are three business ideas for women in India which they can pursue remotely:
Online tutoring market in India is on the rise thanks to increasing competition among students in various fields. Paucity of time has prompted many students to opt for online classes. Parents too are encouraging their children to go for them as it saves time. According to analysts, the e-tutoring market in India is expected to grow at a CAGR of 16.40% from 2018-2022.
Online tutoring gives women the flexibility to decide how, where and when they want to educate students. They can take classes on weekdays, weekends, days or even nights as per their convenience. Through video-conferencing, they can reach out to students in any part of the world seamlessly.
With a basic setup encompassing camcorders and webcams, women can easily get into this remote business. They can also tie-up with other experts to impart lessons and make a decent income.
The organic products market in India is growing at a CAGR of 25% and is expected to worth Rs. 10,000-12,000 crore by 2020. It must be noted that though India has the largest number of organic farmers in the world, its contribution to the global organic product market is a mere 1%.
Thus, there’s a huge potential in organic farming and all it needs is some space, living soil and green manuring among others. By selling the products of organic farming, women can contribute to the household’s income.
Related read: Great Sources of Financing for Women Entrepreneurs
Freelance Content Writing
With brands increasingly looking for quality content to connect with their target audience, the scope of content writing has expanded by leaps and bounds over the years. Also, with the audience looking to consume content on digital platforms, venturing into the domain is one of the most profitable business ideas for women.
Women can choose projects as per their convenience. There are many portals from which projects can be sourced. For basic content writing, all one needs is a computer and an Internet connection. One can also hire resources to complete bulk projects and make a decent income.
Some of the businesses mentioned above may need funding in the initial stage. Tailor-made Business Loans for Women can give the much-needed liquidity towomen looking to embrace entrepreneurship with these ideas.
With Flexi Loan Facility, one can withdraw funds as and when required from the approved limit and pay interest only on the amount borrowed. This minimises the EMI amount. Also, this loan is collateral-free which means no asset needs to be mortgaged to avail the required funds.